Special Compensation Hearing

Published on 7 October, 2020

Female lawyer reviewing documents
Licensee
Katharine Virtanen
Brokerage at time of sanctioned activity
Planet Group Realty Inc.
Special Compensation Hearing date
May 25, 2020

Summary

The Council received a claim for compensation from the Special Compensation Fund from Mr. Schut and Ms. MacCallum in connection with the actions of Ms. Virtanen. A hearing was held to determine whether the claimant’s funds were:

  1. Misappropriated or wrongfully converted;
  2. Intentionally not paid over or accounted for; or
  3. Obtained by fraud.

Results

A Compensation Committee of the Council found that Mr. Schut and Ms. MacCallum suffered a compensable loss as a result of the conduct of Ms. Virtanen and assessed that loss in the amount of $30,000.

The Compensation Committee directed that a certificate be issued in that amount.

Contraventions

Real Estate Services Act

  • 62(1) [Referral to compensation committee] Read more
  • 63 [Compensation committee may conduct, postpone or decline hearing] Read more